Bought with RE/MAX Services
$353,000
$355,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
4429 Melvin RD Lake Worth, FL 33461
7 Beds
6 Baths
2,930 SqFt
Key Details
Sold Price $353,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,930 sqft
Price per Sqft $120
Subdivision Palm Beach Farms Co 7
MLS Listing ID RX-10237580
Sold Date 09/19/16
Bedrooms 7
Full Baths 6
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 17
Year Built 1975
Annual Tax Amount $4,168
Tax Year 2015
Lot Size 0.333 Acres
Property Description
Investors delight! Excellent condition. New impact glass windows. Turnkey. Units 1 and 2 are 2BR/2BA at 900 square feet each and unit 3 is an open design floor plan, tastefully remodeled 3BR/2BA at 1130 square feet with a storage unit and a private fenced back yard with new sod and tropically landscaped. New sprinkler system. New septic field. Ideally suited for a landlord or unit 3 can be rented potentially at $1250/mth. Unit 1 lease expires Dec 1, 2016 and contains a 5% increase in rent. Unit 2 lease expires June 1, 2016 and contains a 5% increase. $37,800 projected gross income. With large down payment owner will consider holding a mortgage.
Location
State FL
County Palm Beach
Area 5700
Zoning RM
Interior
Heating Central, Electric
Cooling Central, Paddle Fans
Flooring Ceramic Tile, Other
Exterior
Exterior Feature Fence
Utilities Available Electric, Septic, Water Available, Well Water
Amenities Available None
Waterfront Description None
View Garden
Roof Type Comp Shingle
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre, Paved Road, Public Road
Story 1.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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